Sabharwal Sunil 4
4 · Securitize Corp. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Securitize (SECZ) Director Sunil Sabharwal Receives 20,111-Share Award
What Happened
Sunil Sabharwal, a director of Securitize Corp. (SECZ), was issued 20,111 Common Shares on July 1, 2026. The shares were received in connection with the business combination that closed that day (conversion of Securitize, Inc. common stock into Issuer Common Shares). No price or cash consideration is reported (transaction coded as an award/acquisition).
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (accession 0000950103-26-010299).
- Transaction type/code: Award/other acquisition (A). Reported price: N/A.
- Shares reported: 20,111 Common Shares. The filing does not list total shares owned after the transaction.
- Footnote highlights:
- The shares were issued in exchange for pre-merger Securitize, Inc. common shares under the business combination agreement; on July 1, 2026 the issuer changed its name to Securitize Corp. (F1).
- The 20,111 figure includes 860 restricted Earnout Shares that may vest only if specified VWAP milestones ($15, $20, $25) are met in scheduled earnout windows between 90 days post-close and July 1, 2031 (earnout vests one‑third at each milestone) (F2).
- Filing timing: The Form 4 was filed 5 days after the transaction; insiders are typically required to file within two business days, though merger-related processing can affect timing.
Context
This was not an open-market purchase or sale but a conversion/award tied to the closing of the business combination — essentially share consideration issued to former holders of Securitize, Inc. It reflects post-merger equity allocation, and the 860 Earnout Shares are contingent on future stock-price performance, so they may never vest. Such merger-related awards are administrative and do not necessarily signal the insider’s view of the company’s near-term prospects.
Insider Transaction Report
- Award
Common Shares
[F1][F2]2026-07-01+20,111→ 20,111 total
Footnotes (2)
- [F1]Represents common shares of Securitize Corp. ("Issuer", and such shares, "Common Shares") received in exchange for shares of common stock of Securitize, Inc. ("Securitize", and such shares, "Securitize Common Shares") in connection with the mergers (the "Mergers") contemplated by that certain business combination agreement, dated as of October 27, 2025, by and between Issuer, Securitize, Cantor Equity Partners II, Inc. and certain other parties thereto (the "Business Combination Agreement"). On July 1, 2026, Issuer Changed its name to Securitize Corp from Securitize Holdings, Inc.
- [F2]The Mergers were consummated on July 1, 2026. The number reported also includes 860 restricted Common Shares that may become earned and delivered pursuant to the earnout provided for in the Business Combination Agreement (the "Earnout Shares"). The Earnout Shares will generally be earned one-third on the date that the 20-day volume-weighted average price per Common Share attains $15.00, $20.00 and $25.00 over a 30-trading day period during the period beginning 90-days after the closing of the Mergers and ending on July 1, 2031 (the "Earnout").